Russia and Armenia completely abandon settlements in dollars and euros – Kerobyan

YEREVAN, March 16. /ARKA/. Russia and Armenia have completely abandoned settlements in US dollars and euros, Armenian Economy Minister Vahan Kerobyan said.

“The ruble is too volatile now, so the Armenian dram now looks more preferable, but the potential of its use in bilateral trade is limited,” Kerobyan said in an interview with Russian daily ‘Vedomosti’.

The leaders of Armenia and Russia agreed to expand the use of national currencies in mutual trade settlements in April 2022. –0—

spot_img

POPULAR

Euro ups against Armenian dram, while US dollar and Russian ruble drop

The average market exchange rate for the US dollar to the Armenian dram, formed on the Armenian foreign exchange market as of April 27, 2026, decreased by 0.27 points compared to April 23, to 371.56 drams.

Sona Ishkhanyan elected Chairperson of Acba Bank Board

Sona Ishkhanyan has been elected as Chair of the Acba Bank Board.  

Euro, USD and ruble drop  against Armenian dram

The average market exchange rate of the US dollar to the Armenian dram, formed on the Armenian foreign exchange market as of April 28, 2026, decreased by 0.16 points compared to April 27, to 371.4 drams.

Euro, dollar, and ruble fall against Armenian dram

The average market exchange rate for the US dollar to the Armenian dram, formed on the Armenian foreign exchange market as of April 30, 2026, decreased by 0.41 points compared to April 29, to 370.78 drams.

Armenia’s Deputy Prime Minister discussed infrastructure development and the green economy with an EBRD delegation

Armenian Deputy Prime Minister Tigran Khachatryan discussed infrastructure modernization and the transition to a green economy with a delegation led by Elisabetta Falcetti, Executive Director for Turkey and the Caucasus at the European Bank for Reconstruction and Development (EBRD).

LATEST NEWS

spot_imgspot_imgspot_img